Assay

Financial-condition grades for SEC filers

Company Report · as of Oct 9, 2026

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MethodCoverageAbout
Unusual Machines, Inc.UMAC · business equipment
GradeNonecomputable_factors_below_threshold: 5 of 14 inputs computable; 7 are required
Reliability0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025
Peer failure rate1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025
Size band$120M to $591M assetstotal assets $182.7M[1]
Standard universeinsiderevenue above $1M and assets above $10M[1-2]
Warningsdilution, thin datanot computable: short runway, distress, fortress balance sheet
Inputs computable5 of 14
Graded fromfilings received through Mar 12, 2026211 days before the rescan; every figure keyed to the SEC receipt date
Last close$21.372026-10-08; market equity $1.1B; iex feed
Price used in gradeNone
Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history
$20NovDecJanFebMarAprMayJunJulAugSepOct$21.39
ABCDE20132014201520162017201820192020202120222023202420252026

Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date.

Open this report as it stood on

Letter setLetterPercentileBand
Jan 21, 2012nonen/a
Apr 21, 2024nonen/aQ1
Apr 21, 2025nonen/aQ2
Mar 21, 2026nonen/aQ3

Each date opens the report as it stood on that rescan.

Business, in the company's words. Opening of Item 1 of the 10-K received Mar 12, 2026; the document on sec.gov.

or the “Company”) is a Nevada corporation organized in 2024 which is a successor to a Puerto Rican corporation organized in 2019. The Company is engaged in the commercial drone industry, with its principal place of business in Orlando, Florida. In September of 2025, the Company acquired Rotor Lab Pty. Ltd., an Australian company (“Rotor Lab”). components and drones across a diversified brand portfolio through business-to-business (“B2B”) sales and a curated retail channel. There is strong brand recognition of the Unusual Machines, Rotor Riot, and Fat Shark brands, particularly in the first person view (“FPV”) and small military sub-segments of the drone market.

Warnings [top]

Dilution. split-adjusted year-over-year share growth is 131.1%[3-4]
Thin data. 5 of 14 grade factors are computable; minimum is 7

7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.

The Fourteen Inputs [top]

Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.

InputPercentile, 0 to 100ValueSourcePeer medianPercentilePeersPeriod end
Profitability, sleeve percentile 89.7
Gross profitability2.1%[1,5]28.5%90.85582025-12-31
Return on invested capitalnot computable10.9%
one or more required annual facts are missing
Accruals ratio2.0%[1,6-8](7.4%)88.56212025-12-31
Gross margin stability, five yearsnot computable2.4 pts
five annual gross margins are required; found 3
Solvency, sleeve percentile 0.8
Twelve-month failure probabilitynot computable0.05%
latest liabilities, cash plus short-term investments, book equity, and shares are required
Altman Z double-prime27.37[1,9-14]2.180.75662025-12-31
Net debt to EBITDAnot computable1.11x
one or more required annual facts are missing
Interest coveragenot computable3.77x
interest expense must exceed $100,000
Current ratio61.32x[9-10]2.02x0.96662025-12-31
Growth and financing, sleeve percentile 95.1
Revenue growth, three-year compoundnot computable6.4%
four annual observations are required; found 3
Free cash flow growth, three-year compoundnot computable17.2%
four consecutive annual FCF observations are required; found 3
Reinvestment ratenot computable14.3%
NOPAT must exceed $100,000
Asset growth, three yearsnot computable5.0%
four annual observations are required; found 3
Net share issuance, one year131.1%[3-4]0.5%95.14072026-03-11

Gross profitability. Revenue less cost of goods sold, over total assets.

Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.

Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.

Twelve-month failure probability. CHS model; lower is stronger.

Net debt to EBITDA. Lower is stronger.

Net share issuance, one year. Split-adjusted; lower is stronger.

Among 497 Peers [top]

What the Price Implies [top]

Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.

MeasureValuePeer medianPercentileReading
Twelve-month price change, skipping the latest month56.8%2.2%82hotter than 82 of 100 peers
Distance from 52-week high(37.2%)(30.0%)38closer to its high than 38 of 100 peers
EBIT to enterprise valuenot computable1.5%required accounting or market input is missing
Free cash flow yield(2.2%)2.7%21pricier than 79 of 100 peers
Book value to price0.360.2362pricier than 38 of 100 peers
Sales to price0.010.301pricier than 99 of 100 peers
Composite equity issuance, five yearsnot computable3.9%a share count from five years earlier is required
Relative strength against the sector, log excess return0.17(0.26)82ahead of 82 of 100 peers

Inputs: market equity $1.1B; EBIT -$25.2M; free cash flow -$23.2M; book equity $388.0M; sales $11.2M; cash $222.9M[15].

Diagnostics [top]

Diagnostics do not feed the grade.

Piotroski F-score: None of 9, period end 2025-12-31
Return on assets above zero(119.2%)✗ fail[6,8]
Operating cash flow above zero-$21.2M✗ fail[7]
Return on assets improved1,971.9 pts✓ pass[6,8,16-17]
Operating cash flow exceeds net income-$2.0M✗ fail[6-7]
Long-term leverage felln/a[1,8,17]
Current ratio improved5,479.0 pts✓ pass[9-10,18-19]
No new shares issued131.1%✗ fail[3-4]
Gross margin improved7.1 pts✓ pass[2,5,20-21]
Asset turnover improved(294.4 pts)✗ fail[2,8,17,21]
Cash, filings, liquidity
Cash and equivalentsn/a
Operating cash flow, four quartersn/a[7,22-25]
Months of runwaynot finite
cash is missing at the end of the latest cash-flow quarter
Late filings, two years0
NT 10-K or NT 10-Q
Days since last periodic filing64
10-Q received Aug 6, 2026
Median daily dollar volume$65.5M
63 sessions
Days since newest grade input211

Downloads [top]

Sources [top]

Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.

#ConceptXBRL tagValuePeriod endReceivedFormLinks
1assetsus-gaap:Assets$182.7M2025-12-312026-03-1210-Kfiling · viewer · series
2revenueus-gaap:Revenues$11.2M2025-12-312026-03-1210-Kfiling · viewer · series
3shares outstandingdei:EntityCommonStockSharesOutstanding38,889,9112026-03-112026-03-1210-Kfiling · viewer · series
4shares outstandingdei:EntityCommonStockSharesOutstanding16,830,1702025-03-252025-03-2710-Kfiling · viewer · series
5gross profitus-gaap:GrossProfit$3.9M2025-12-312026-03-1210-Kfiling · viewer · series
6net incomeus-gaap:NetIncomeLoss-$19.2M2025-12-312026-03-1210-Kfiling · viewer · series
7operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$21.2M2025-12-312026-03-1210-Kfiling · viewer · series
8assetsus-gaap:Assets$16.1M2024-12-312026-03-1210-Kfiling · viewer · series
9current assetsus-gaap:AssetsCurrent$159.5M2025-12-312026-03-1210-Kfiling · viewer · series
10current liabilitiesus-gaap:LiabilitiesCurrent$2.6M2025-12-312026-03-1210-Kfiling · viewer · series
11retained earningsus-gaap:RetainedEarningsAccumulatedDeficit-$55.1M2025-12-312026-03-1210-Kfiling · viewer · series
12operating incomeus-gaap:OperatingIncomeLoss-$25.2M2025-12-312026-03-1210-Kfiling · viewer · series
13book equityus-gaap:StockholdersEquity$174.9M2025-12-312026-03-1210-Kfiling · viewer · series
14liabilitiesus-gaap:Liabilities$7.8M2025-12-312026-03-1210-Kfiling · viewer · series
15shares outstandingdei:EntityCommonStockSharesOutstanding49,956,5052026-08-062026-08-0610-Qfiling · viewer · series
16net incomeus-gaap:NetIncomeLoss-$32.0M2024-12-312026-03-1210-Kfiling · viewer · series
17assetsus-gaap:Assets$1.5M2023-12-312025-03-2710-Kfiling · viewer · series
18current assetsus-gaap:AssetsCurrent$6.1M2024-12-312026-03-1210-Kfiling · viewer · series
19current liabilitiesus-gaap:LiabilitiesCurrent$933,6692024-12-312026-03-1210-Kfiling · viewer · series
20gross profitus-gaap:GrossProfit$1.5M2024-12-312026-03-1210-Kfiling · viewer · series
21revenueus-gaap:Revenues$5.6M2024-12-312026-03-1210-Kfiling · viewer · series
22operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$38.9M2026-06-302026-08-0610-Qfiling · viewer · series
23operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$17.4M2026-03-312026-05-1410-Qfiling · viewer · series
24operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$11.4M2025-09-302025-11-0610-Qfiling · viewer · series
25operating cash flowus-gaap:NetCashProvidedByUsedInOperatingActivities-$3.9M2025-06-302026-08-0610-Qfiling · viewer · series

Limitations [top]

Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.

Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.

Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.

Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.

Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.

Informational and educational only. Not investment advice. SEC and market data may contain errors.

If you have any comments about this page, the methodology and every line of code that produced it are in the public repository. However, due to the limited number of personnel, we are unable to provide a direct response.

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Source
GitHub · ezrakruger.cc
Photographs from Wikimedia Commons

bull: Raphael Schön from Vienna, Austria, CC BY 2.0; bear: U. S. Fish and Wildlife Service - Northeast Region, Public domain; elk: Oregon Department of Fish & Wildlife, Public domain; tortoise: NPS, Public domain; sloth: Charles J. Sharp, CC BY-SA 3.0; fox: Cp9asngf, CC BY-SA 4.0; sector-business_equipment: Sangitiana Fararano, CC BY-SA 2.0; sector-healthcare: User:Squidonius, myself, and User:Beliason (assumed)., CC BY-SA 4.0; sector-manufacturing: unknown, CC BY-SA 2.0; sector-shops: Wilfredor, CC BY-SA 4.0; sector-consumer_nondurables: Nielsoncaetanosalmeron, CC BY 4.0; sector-utilities: Lijovklm, CC BY-SA 4.0; sector-consumer_durables: Stilfehler, CC BY-SA 4.0; sector-chemicals: PEO ACWA, CC BY 2.0; sector-energy: Arne Hückelheim, CC BY-SA 3.0; sector-telecom: Wikideas1, CC0; sector-other: Downtowngal, CC BY-SA 4.0.

Updated Oct 9, 2026